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NSE Market Update 2024-10-14

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NIFTY 50 rose +0.7% (+164 pts), closed at 25128 points, crossed above MA50 (25054 pts).

Among the 150 largest-cap stocks, 96 (64%) closed higher. Despite NIFTY 50 rising 0.7%, only 49% of all NSE stocks follow suit.

In terms of sectors, 8 sectors closed up, the market internal was more positive, 3 sectors closed down, 1 sector remained unchanged, ranging from -0.5% to +1.4%. 4 sectors outperformed the market. The market was up +0.3%; Real Estate was up +1.4%, the best performer; Consumer Defensive was down -0.5%, the worst performer.

● Oberoi Realty (OBEROIRLTY) largely rose +4.1% (+$78.65), closed at $1997.8, rose 5 days in a row, hit a record high.
360miq.com/stockinfo?code=OBEROIRLTY.N

● Wipro (WIPRO) largely rose +4% (+$21.25), closed at $549.55, the best % gain in nearly 2 months, crossed above MA20 ($537.65).
360miq.com/stockinfo?code=WIPRO.N

● Kalyan Jewellers India (KALYANKJIL) largely rose +4.2% (+$30.5), closed at $750.8, crossed above MA20 ($725.94). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=KALYANKJIL.N

● Avenue Supermarts (DMART) tumbled -8.5% (-$389.1), closed at $4183.6, fell 3 days in a row, the worst % loss in nearly 69 months, also a 137-day low, crossed below MA200 ($4537.24). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=DMART.N

360miq.com/market?data=NSE#tab-3

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